ApeCoin and Akita Inu: ApeCoin soon above 1,240 level
- A strong, bullish consolidation pushed the price of ApeCoin above the 1,200 level yesterday.
- Akita Inu’s price rose to 0.0000001901 on Wednesday, a new weekly high.
ApeCoin chart analysis
A strong, bullish consolidation pushed the price of ApeCoin above the 1,200 level yesterday. With that step, we moved above the EMA200 and the weekly open price, which positively affected the rest of the day. The price breaks above 1,220 and continues to the 1,240 level this morning, forming a new weekly high there. The current price is in that zone, and we expect to see further recovery and growth to a new higher high.
Potential higher targets are 1,250 and 1,260 levels. For a bearish option, we need a negative consolidation and pullback first below the daily open price at the 1,217 level. By going below that level, we form a new daily low. We can expect a test of the EMA200 moving average at the 1,200 level. With increasing bearish pressure, ApeCoin will have to drop below and look for new support. Potential lower targets are 1,190 and 1,180 levels.
Akita Inu chart analysis
Akita Inu’s price rose to 0.0000001901 on Wednesday, a new weekly high. After that we saw a pullback to support at the 0.0000001760 level. In that zone, we get support from the EMA50 moving average. We are initiating a bullish recovery to the 0.0000001840 level. Then the price pulls back to EMA200 and we get a new confirmation of support at that level. We are now at 0.0000001818 and expect to see a continuation to the bullish side.
Potential higher targets are 0.0000001860 and 0.0000001880 levels. If we were to go back down to the EMA200 and test that level again, we might not get the required support this time. We are in negative territory by going below, which would negatively impact the further trend. We are also then below the weekly opening price which will only strengthen the bearish momentum. Potential lower targets are the 0.0000001720 and 0.0000001700 levels.
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